- 14 Dec 17
There is a happy ending to a schnozzle between the UK Revenue and Customs and the Alfred Beit Foundation, with an agreement being reached which ensures that a major painting by the Dutch master Jacob van Ruisdae will be made available to the public in the Ulster Museum.
The Alfred Beit Foundation today announced that it has reached an agreement with the Arts Council of England(ACE), the Commissioners of Britain’s Revenue and Customs and the Secretary of State for Digital, Culture, Media and Sport on death duties related to Sir Otto Beit.
HM Revenue and Customs has accepted an arrangement where a painting owned by the Alfred Beit Foundation can be gifted to the Ulster Museum in Belfast in lieu of the significant £1 million estate duty taxes. The painting to be transferred to the Ulster Museum is The Cornfield by Jacob van Ruisdael.
In a statement issued today, Ms Judith Woodworth, Chair, said the Beit Foundation is very pleased that the matter has been resolved and the painting will be displayed on the island of Ireland.